6-Unit Apartment
New
For Sale
$1,325,000
10 Adelaide Street, Portland, ME 04103
MULTI_FAMILY - Portland, ME
Property Size3,530 SF
Lot Size0.23 Acres
Price / SF$375.35
Days on Market4
Property Features for 10 Adelaide Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-2
Bathrooms
6
Full bathrooms
6
Rooms
Basement, Bathroom 6, Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 1
Basement
Unfinished, Full
Lot features
Level, Sidewalks, Near Town
Standard status
Active
Size
3,530 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14580
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
shared laundry
Building Details
Year built
1980
Number of units
6
Flooring type
Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Briton Vitalius
(207) 541-3755
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 1 at 7:06PM
MLS# 1673924
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6-unit apartment building on a 0.23-acre lot is offered turn-key, with a unit mix of 2 one-bedroom units and 4 two-bedroom units. Each apartment has a private entrance and separately metered utility service. The property includes shared laundry in the basement, helping support day-to-day convenience.
The building is wood frame with vinyl siding, a shingle roof, and vinyl flooring. Heating is provided by natural gas. Public water and public sewer service are available.
Constructed in 1980, the property totals 3,530 square feet and features a large rear parking lot for off-street resident parking. The site is zoned B-2 and located at 10 Adelaide Street in Portland, Maine.
The building is wood frame with vinyl siding, a shingle roof, and vinyl flooring. Heating is provided by natural gas. Public water and public sewer service are available.
Constructed in 1980, the property totals 3,530 square feet and features a large rear parking lot for off-street resident parking. The site is zoned B-2 and located at 10 Adelaide Street in Portland, Maine.
Key Highlights
- B‑2 zoned 6‑unit apartment building
- Two one‑bedroom units and four two‑bedroom units
- Private entrances and separately metered utilities for each apartment
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.3k | $31.80 |
| − Vacancy | −$6.7k | −$1.91 |
| EGI | $105.5k | $29.89 |
| − OpEx | −$47.5k | −$13.45 |
| NOI | $58.0k | $16.44 |
3,530 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$829.1K
$725.4K – $967.3K
NOI $58,035 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$970.2K
$849.0K – $1.13M
NOI $67,916 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - B-2 zoned 6-unit apartment building with individually metered utilities, private entrances, basement laundry, and off-street parking.
Where is this apartment building located?
The property is located at 10 Adelaide Street Portland, ME.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: B‑2 zoned 6‑unit apartment building; Two one‑bedroom units and four two‑bedroom units; Private entrances and separately metered utilities for each apartment
